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London UB7 - Long Leasehold Residential Investment

For sale: £325,000.00|624 Sq Ft|Flat, Residential

Property details

FOR SALE£325,000.00
SIZE624 Sq Ft
ADDRESSBittern House, 28 Wraysbury Drive, Yiewsley, West Drayton, Greater London, UB7 7FH
TYPEFlat, Residential
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON9th November 2023

Description

Investment Consideration:
Gross Initial Yield: 5.54%
Rental Income: £18,000 p.a.
VAT is NOT applicable to this property
Comprises 2-bedroom apartment with 1 car parking space
Held on a 150-year lease from 1st Jan 2007, thus having 133 years unexpired
Situated within 11min walk from West Drayton Train Station and occupiers nearby including Tesco Superstore, Aldi, Subway, Iceland, KFC and many more.

Apartment 18:
Comprises 2-bedroom 2nd floor apartment, providing the following accommodation and dimensions:
GIA: 58 sq m (624 sq ft)
Kitchen/Living Room, 2 Bedrooms, 2 Bathrooms, Parking
EPC Rating - C

Tenancy:
The property is at present let on AST to an Individual for a term of 12 Months from 16th October 2023 at a current rent of £18,000 per annum. Deposit held of £1,442.30

Tenure:
Leasehold. Held on a 150 year lease from 1st Jan 2007.
Ground rent and service charge total of £2,819 p.a.

Location:
West Drayton is a suburban town in the London Borough of Hillingdon. West Drayton railway station in Yiewsley is served by the Elizabeth line and Great Western Railway (GWR). The Elizabeth line operates a stopping service between Abbey Wood and Reading and GWR operates a stopping service between London Paddington and Didcot Parkway. The property is situated within 11min walk from West Drayton Train Station and occupiers nearby including Tesco Superstore, Aldi, Subway, Iceland, KFC and many more.

Location

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Location: Bittern House, 28 Wraysbury Drive, Yiewsley, West Drayton, Greater London, UB7 7FH

Uxbridge (2.2 miles)

Hillingdon (3.0 miles)

Heathrow Terminals 123 (3.2 miles)

West Drayton (0.3 miles)

Iver (1.3 miles)

Hayes and Harlington (2.6 miles)

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